Kansas 2025-2026 Regular Session

Kansas Senate Bill SB69 Compare Versions

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1	1	Session of 2025
2	2	SENATE BILL No. 69
3	3	By Committee on Assessment and Taxation
4	4	1-23
5	5	AN ACT concerning economic development; relating to rural opportunity
6	6	zones; extending the time period for eligibility for the loan repayment
7	7	program and the income tax credit; amending K.S.A. 2024 Supp. 74-
8	8	50,223 and 79-32,267 and repealing the existing sections.
9	9	Be it enacted by the Legislature of the State of Kansas:
10	10	Section 1. K.S.A. 2024 Supp. 74-50,223 is hereby amended to read as
11	11	follows: 74-50,223. (a) Any county that has been designated a rural
12	12	opportunity zone pursuant to K.S.A. 74-50,222, and amendments thereto,
13	13	may participate in the program provided in this section by authorizing such
14	14	participation by the county commission of such county through a duly
15	15	enacted written resolution. Such county shall provide a certified copy of
16	16	such resolution to the secretary of commerce on or before January 1, 2012,
17	17	for calendar year 2012, or on or before January 1 for each calendar year
18	18	thereafter, in which a county chooses to participate. Such resolution shall
19	19	obligate the county to participate in the program provided by this section
20	20	for a period of five years, and shall be irrevocable. Such resolution shall
21	21	specify the maximum amount of outstanding student loan balance for each
22	22	resident individual to be repaid as provided in subsection (b), except that
23	23	the maximum amount of such balance shall be $15,000.
24	24	(b) If a county submits a resolution as provided in subsection (a),
25	25	under the program provided in this section, subject to subsection (d), the
26	26	state of Kansas and such county which that chooses to participate as
27	27	provided in subsection (a), shall agree to pay in equal shares the
28	28	outstanding student loan balance of any resident individual who qualifies
29	29	to have such individual's student loans repaid under the provisions of
30	30	subsection (c) over a five-year period, except that the maximum amount of
31	31	such balance shall be $15,000. The amount of such repayment shall be
32	32	equal to 20% of the outstanding student loan balance of the individual in a
33	33	year over the five-year repayment period. The state of Kansas is not
34	34	obligated to pay the student loan balance of any resident individual who
35	35	qualifies pursuant to subsection (c) prior to the county submitting a
36	36	resolution to the secretary pursuant to subsection (a). Each such county
37	37	shall certify to the secretary that such county has made the payment
38	38	required by this subsection.
39	39	(c) A resident individual shall be entitled to have such individual's
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76	76	outstanding student loan balance paid for attendance at an institution of
77	77	higher education where such resident individual earned an associate,
78	78	bachelor or post-graduate degree under the provisions of this section when
79	79	such resident individual establishes domicile in a county designated as a
80	80	rural opportunity zone which that participates in the program as provided
81	81	in subsection (a), on and after the date in which such county commenced
82	82	such participation, and prior to July 1, 2026 2031. Such resident individual
83	83	may enroll in this program in a form and manner prescribed by the
84	84	secretary. Subject to subsection (d), once enrolled such resident individual
85	85	shall be entitled to full participation in the program for five years, except
86	86	that if the resident individual relocates outside the rural opportunity zone
87	87	for which the resident individual first qualified, such resident individual
88	88	forfeits such individual's eligibility to participate, and obligations under
89	89	this section of the state and the county terminate. No resident individual
90	90	shall enroll and be eligible to participate in this program after June 30,
91	91	2026 2031.
92	92	(d) The provisions of this act shall be subject to appropriation acts.
93	93	Nothing in this act guarantees a resident individual a right to the benefits
94	94	provided in this section. The county may continue to participate even if the
95	95	state does not participate.
96	96	(e) The secretary shall adopt rules and regulations necessary to
97	97	administer the provisions of this section.
98	98	(f) On January 1, 2012, and annually thereafter until January 1, 2027
99	99	2032, the secretary of commerce shall report to the senate committee on
100	100	assessment and taxation and the house of representatives committee on
101	101	taxation as to how many residents applied for the rural opportunity zone
102	102	tax credit.
103	103	Sec. 2. K.S.A. 2024 Supp. 79-32,267 is hereby amended to read as
104	104	follows: 79-32,267. (a) For taxable years commencing after December 31,
105	105	2011, and before January 1, 2027 2032, there shall be allowed as a credit
106	106	against the tax liability of a resident individual taxpayer an amount equal
107	107	to the resident individual's income tax liability under the provisions of the
108	108	Kansas income tax act, when the resident individual:
109	109	(1) Establishes domicile in a rural opportunity zone on or after July 1,
110	110	2011, and prior to January 1, 2026 2031, and was domiciled outside this
111	111	state for five or more years immediately prior to establishing their
112	112	domicile in a rural opportunity zone in this state;
113	113	(2) had Kansas source income less than $10,000 in any one year for
114	114	five or more years immediately prior to establishing their domicile in a
115	115	rural opportunity zone in this state; and
116	116	(3) was domiciled in a rural opportunity zone during the entire
117	117	taxable year for which such credit is claimed.
118	118	(b) A resident individual may claim the credit authorized by this
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162	162	section for not more than five consecutive years following establishment
163	163	of their domicile in a rural opportunity zone.
164	164	(c) The maximum amount of any refund under this section shall be
165	165	equal to the amount withheld from the resident individual's wages or
166	166	payments other than wages pursuant to K.S.A. 79-3294 et seq., and
167	167	amendments thereto, or paid by the resident individual as estimated taxes
168	168	pursuant to K.S.A. 79-32,101 et seq., and amendments thereto.
169	169	(d) No credit shall be allowed under this section if:
170	170	(1) The resident individual's income tax return on which the credit is
171	171	claimed is not timely filed, including any extension; or
172	172	(2) the resident individual is delinquent in filing any return with, or
173	173	paying any tax due to, the state of Kansas or any political subdivision
174	174	thereof.
175	175	(e) This section shall be a part of and supplemental to the Kansas
176	176	income tax act.
177	177	Sec. 3. K.S.A. 2024 Supp. 74-50,223 and 79-32,267 are hereby
178	178	repealed.
179	179	Sec. 4. This act shall take effect and be in force from and after its
180	180	publication in the statute book.
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